A UK Parliamentary petition has been launched in light of the country’s decision to leave the European Union to scrap energy performance certificates for residential properties.
Richard Carr, a Poole-based property developer, will watch with interest the success of the petition as it will impact upon the selling costs to sellers and landlords.
The certificates, which are known as EPCs, were introduced in 2007 as part of the Housing Act 2004, which made it a mandatory requirement that an energy assessment is made on all properties listed for sale in Britain.
This was implanted to comply with a European Directive, however many felt EPCs were a bureaucratic consequence of being a member of the European Union. As a result, the annual cost of having a property inspected and a certificate issued amounted to £100 million to sellers and landlords.
Many believe that the energy rating calculated during the inspection is of little help to either buyer or seller and has not been proven to reduce energy consumption.
As a result, chief executive officer of hybrid estate agent eMoov Russel Quick, has launched a Parliamentary petition to scrap EPCs therefore streamlining the home moving process, whilst saving the country millions of pounds.
“This petition will be the first shot to be fired by the property industry in achieving swift benefit from the EU exit,” he told propertywire.com, pointing out that if 100,000 signatures are achieved this would mean that Parliament has to debate the issue.
Quirk has also sought help from the government by asking Housing Minister Brandon Lewis for his support. He argues that 16 million EPCs have been produced since its introduction at a consumer cost of £800 million.
“I have launched this national petition in order to get rid of EPCs and the unnecessary cost to the consumer of paying for them. When introduced as part of the failed Home Information Pack in 2007 they were widely criticised as pointless and wasteful by the property industry,” said Quirk.
“Thousands of inspectors have had to be trained and then re-trained under adapted legislation, forced upon us by an EU directive that, now that we have voted for Brexit, can be unwound. EPCs are of no benefit to anyone and have created a bureaucratic burden on home sellers, landlords and estate agents.”